Advyzon Investment Management LLC Has $518,000 Stock Holdings in GE Aerospace $GE

Advyzon Investment Management LLC grew its stake in GE Aerospace (NYSE:GE) by 56.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,014 shares of the company’s stock after purchasing an additional 723 shares during the quarter. Advyzon Investment Management LLC’s holdings in GE Aerospace were worth $518,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GE. Brighton Jones LLC grew its position in shares of GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after purchasing an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after purchasing an additional 150 shares during the period. Asset Dedication LLC boosted its stake in GE Aerospace by 24.7% in the 1st quarter. Asset Dedication LLC now owns 449 shares of the company’s stock valued at $90,000 after purchasing an additional 89 shares during the period. Sigma Planning Corp grew its holdings in GE Aerospace by 8.1% in the 1st quarter. Sigma Planning Corp now owns 20,065 shares of the company’s stock valued at $4,016,000 after buying an additional 1,504 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its position in GE Aerospace by 2.6% during the 1st quarter. Apollon Wealth Management LLC now owns 23,077 shares of the company’s stock worth $4,619,000 after buying an additional 578 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analysts Set New Price Targets

GE has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Wells Fargo & Company lifted their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $350.00 price objective on shares of GE Aerospace in a report on Wednesday, October 8th. Bank of America raised their target price on shares of GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Finally, Jefferies Financial Group lifted their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Fifteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and an average price target of $301.27.

GE Aerospace Price Performance

GE Aerospace stock opened at $310.53 on Wednesday. The stock has a 50-day moving average price of $298.32 and a two-hundred day moving average price of $266.66. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.67. The company has a market capitalization of $327.55 billion, a PE ratio of 41.46, a P/E/G ratio of 3.09 and a beta of 1.56. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.20. The company had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm’s revenue was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is presently 19.23%.

GE Aerospace Company Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.